This property offers a unique blend of historic charm and modern convenience, located in one of Knoxville's most desirable districts. Whether you're a seasoned investor or looking to start your portfolio, 605 Gill Avenue provides an excellent opportunity to own a piece of Knoxville's history while generating steady rental income.
Property Overview:
Historic 4th and Gill District, near Downtown Knoxville 4 Plex | 3,164 sq ft
(2) Downstairs units: 1-Bedroom Units (under 12 mo leases)
(2) Upstairs units: 1 bed 1 bath w/ washer & dryer connection (Unoccupied) and 1 bed 1 bath - both vacant
share an upstairs Balcony
Convenient parking options include Off-Street Parking, On-Premise Parking, and On-Street Parking. Plenty of room to create a parking pad in the rear of the property.
Roof is 14 years old.
Owner has replaced water heaters and AC units in 2023.
Unit 1 has slight slope from home setteling has been reinforced with support piers in basement.
Estimated improvements needed about $25K
Owner selling because he has 3 commercial projects in 2025..